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Ozil brace sees Real come from behind

Mesut Ozil's brace was decisive as Real Madrid twice came from behind to win at Valladolid. Manucho twice put the hosts ahead from corners, but Madrid equalised through first Karim Benzema and then, on the stroke of half-time, Ozil.

Comfortable Bayern cruise as Dortmund slip

Bayern Munich extended their lead at the top of the Bundesliga to 11 points with victory at Augsburg today as defending champions Borussia Dortmund slipped yet further off the pace. It was a routine win for Bayern against the league's second bottom team, with a 39th-minute Thomas Muller penalty and a Mario Gomez effort after 63 minutes sealing a 2-0 win.

Atalanta clinch narrow Parma win

Atalanta boosted their Serie A survival hopes courtesy of a 2-1 win over Parma with all the goals coming in the first half at the Stadio Atleti Azzurri d'Italia. German Denis gave the Bergamese club the lead in the fourth minute and Federico Peluso made it two in the 38th minute. Amauri brought Parma back into the game on the stroke of half-time but, despite their efforts, they were unable to find an equaliser in the second half.

Ibra strikes again as PSG rout Evian

Zlatan Ibrahimovic struck his 14th league goal of the season as Paris Saint-Germain secured a much-needed 4-0 victory over Evian on Saturday, easing some of the pressure on under-fire manager Carlo Ancelotti.

Braces for Torres, Arteta, Norwich win goalfest

Fernando Torres scored twice at Sunderland to end his nine-match goal drought and give Rafael Benitez his first Premier League win in charge of Chelsea. It was hoped Benitez's appointment would help Torres get back to his best and the Spanish striker looked sharp in today's 3-0 win at the Stadium of Light, bagging a brace to add to the two he scored against Nordsjaelland in midweek.

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samedi 8 décembre 2012

Economic Factors That Affected The U.S. Dollar In 2012

Economic Factors That Affected The U.S. Dollar In 2012
Over the past year, the U.S. dollar, as measured by the Dollar Index Spot rate according to Bloomberg, has remained flat at around an index level of 80. The index spent most of early 2012 submerged below 80, but perked up to nearly 84 in July, before settling back at just below 80 to end the year. It recently traded at 80.336, which represents a modest one-year decline of 1.1% . 

Comparing the DollarThe above index provides an indication of how the U.S. dollar trades. Another, perhaps more conventional approach is to compare the dollar to other foreign currencies. Foreign exchange or currency traders make decisions based off their expectations for the dollar and how it will trade in relation to the currencies of other countries. Common currency pairs include the dollar with the Japanese yen, European euro, Canadian dollar, as well as the Swiss franc and British pound.

Traders look to make educated bets on currencies by looking at the economic factors of an underlying issue. At this point, currency trading grows incredibly complex, with a wide array of factors that may or may not impact the level of a currency, such as the U.S. dollar, or how it trades against competing currencies. Winston Churchill once described how Russia operates as "a riddle wrapped in a mystery inside an enigma" to illustrate that it was extremely difficult to say for certain what motivated it to run its national interests. This also applies to the factors that influence the U.S. dollar and currencies in general
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The U.S. Dollar's StabilityAs Churchill did with Russia, currency traders try to key in on the most important drivers of the U.S. dollar. A primary factor is certainly the relationship between supply and demand for dollars. Despite a tenuous government fiscal position and a hit to its reputation courtesy of the financial crisis that included a downgrade of America's credit rating, the U.S. dollar is still seen as one of the safest stores of value in the world, which helps it hold its value. Other countries, including the Hong Kong region of China and Panama, peg their currencies directly to the dollar. Recent estimates show that more than 60 countries have direct currency pegs to the mighty greenback. Another primary factor is sentiment on the dollar, which includes emotional financial markets that trade based off of fear and exuberance, and also shorter-term technical factors that affect nearly every financial asset.

To return again to Churchill's enigma reference, a popular foreign exchange website comprehensively listed 50 factors that help influence the value of the U.S. dollar. Major categories included politics, such as budget deficit and national debt levels, which are important areas of concern these days. The political environment in other countries also plays a role in how the dollar trades compared to other currencies, as referenced above. Entitlement programs such as Social Security and Medicare are important considerations, as an aging population in America will affect how likely the government will be able to cover its obligations in the future.

U.S. Government PolicyEconomic theory, returning to the demand for dollars and variability in the money supply, both in the U.S. and internationally, is another key category. The level of U.S. interest rates is very important, especially in comparison to other countries, where traders can invest and potentially earn higher returns on debt. A popular strategy among foreign exchange traders is to borrow in a currency with a low interest rate and use those proceeds to invest in a currency with a higher comparative rate. Other industry and economic indicators, such as unemployment rates and industrial production, also serve as an indicator on how strong a country's economy is, which impacts its currency level.
The Bottom LineAn Economist article, following the credit crisis cited Alan Greenspan, the former Chairman of the Federal Reserve, as stating that "The United States can pay any debt it has because we can always print money to do that." For this reason, the underlying U.S. dollar remains the most popular and safest currency in the world. As long as the U.S. economy and related factors that affect the government support the payment of national debts and expenses remain sound, this should continue. Currency traders and other currency investors will continue to monitor the variety of factors that affect the dollar closely for signs that they can profit from, how it trades overall, and how it performs in comparison to other foreign currencies.


Improving Economy: Job Availability At 4-Year High

On Dec. 12, the Federal Reserve announced an official employment target along with its more traditional goal of controlling inflation. It announced that short-term interest rates would remain around zero until unemployment drops to 6.5% or lower.

The steady decline in the unemployment rate, which peaked around October 2009 at 10%, is welcome news for the economy and demonstrates how job availability continues to grow. The rate hovered above 8% for 42 straight months, the longest streak since the Great Depression, but continues to come down as the economy recovers from theGreat Recession

SEE: Recession And Depression: They Aren't So Bad

Slow but SteadyIn a recent speech, Dennis Lockhart, President of the Federal Reserve Bank of Atlanta, provided insight into the economy and recent job growth trends. He pointed out that the U.S. economy has been growing at about 2% since the official recovery from the Great Recession began just over three years ago. He described this as "slow-growth mode" and a primary reason that unemployment remained stubbornly above 8%. This is well above the pre-recession low of 4.4%, which occurred in May 2007, and just before the housing bubble burst.

The fact that the unemployment rate has dipped below 8% is highly encouraging. Lockhart attributed the recent strength in large part to improvements in the housing sector. By many measures, the housing market has bottomed and reached a bonafide recovery mode, as evidenced by the clearing of inventory in important markets such as Miami and key coastal areas in California. Housing growth is expected to help the economy grow, which would allow the unemployment rate continue to drop.

Energy Another industry that continues to impress with rising and sustainable job availability is energy. The boom in hydraulic fracturing, or fracking in short, has allowed for a renaissance in U.S. oil and gas exploration and production. In particular, natural gas supply remains plentiful, with enough to satisfy domestic demand and leaving huge potential for natural gas exports to supply-constrained regions such as Japan and Europe.

The Fed's more specific unemployment targets include a rate as low as 7.4% by the end of 2013, between 6.8% and 7.3% in 2014, and in a range of 6% to 6.6% by the end of 2015. Clearly, these are baby steps and unlikely to be achieved steadily. They also demonstrate just how slow this recovery is progressing. If these targets are achieved, it will have taken around six years for the economy to recover. Yet the unemployment rate will remain a couple of percentage points above its pre-peak levels.
 


Analyse de la paire EUR/USD le 16/01/13 avec l’indicateur Ichimoku Kinko Hyo

Actualisation de ma dernière analyse
Je rappelle que ces analyses ont un but formateur sur la lecture de l’indicateur Ichimoku Kinko Hyo qui permet assez facilement de prévoir des objectifs tant à la hausse qu’à la baisse en fonction du sens pris par le trend. Cela n’a rien a voir avec une boule de cristal…
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Pour agrandir le graphique cliquez ici
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Pour l’indicateur Ichimoku Kinko Hyo la paire de devises EUR/USD est en achat pour 80% (comme lors de la dernière analyse).
Le Kumo (nuage) est en achat. Les Senkou Span (A) et (B) marquent une pause comme les Tenkan Sen et Kijun Sen, la paire EUR/USD  commence à faire du ranging dans ce time frame.
La première résistance est à 1,3310 puis 1,3403 et 1,3496. En lignes de soutien nous avons 1,3217 puis 1,3199 (Tenkan Sen), 1,3144 (Kijun Sen) et 1,3124.
Le Tenkan Sen (courbe rouge) est au dessus du Kijun Sen (en bleu) et est donc en achat depuis le 28/11/12 au cours de 1,2941. Pour rappel, un signal de vente dans Kumo est un signal moyen.
Le Chikou Span (courbe verte) est au dessus des bougies, il se trouve en achat. Il descend accompagnant le mouvement.
La MACD est positive et en achat. Sa force diminue fortement et la MACD pourrait prochainement passer en vente (Cf distance avec sa ligne signal).
.Pour agrandir le graphique cliquez ici
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Pour l’indicateur Ichimoku Kinko Hyo la paire de devises EUR/USD est en achat pour 55 % (en achat pour 60 % lors de la dernière analyse). Le Kumo (nuage) est en achat. Les Senkou Span (A) et (B) sont à l’horizontal comme les Tenkan Sen et Kijun Sen), la paire de devises EUR/USD est également partie en ranging dans ce time frame.
La première résistance est à 1,3301, la seconde à 1,3328 (Tenkan Sen) puis 1,3352 et 1,3403. En ligne de soutien nous avons 1,3250 puis 1,3220 (Kijun Sen), 1,3199.
Le Tenkan Sen (courbe rouge) est au dessus du Kijun Sen (en bleu) et est donc en achat depuis le 10/01/13 à 08:00 (GMT+2) au cours de 1,3044. Ce signal se situant en dessous du Kumo est considéré comme un signal faible.
Le Chikou Span (courbe verte) est au dessus des bougies, il est donc en achat et descend fortement accompagnant le mouvement.
La MACD  est  positive et en vente. Sa force est constante (Cf distance avec sa ligne signal). Je vous avais dit de la surveiller lors de mon dernier article car cela pouvait être un signe d’une préparation de retracement en vente…
Pour agrandir le graphique cliquez ici
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Pour l’indicateur Ichimoku Kinko Hyo la paire de devises EUR/USD est en vente pour 60% (en achat pour 60% lors de  ma dernière analyse…).
Le Kumo (nuage) est en vente et le Senkou Span (A) descend légèrement tandis que le (B) est à l’horizontal, la paire EUR/USD repart en vente dans ce time frame…
Le Tenkan Sen (courbe rouge) est en dessous du Kijun Sen (en bleu), il est donc en vente depuis le 15/01/13 à 09:00 (GMT+2) au cours de 1,3347. Ce signal est considéré comme un signal faible car apparut au dessus du Kumo.
En ligne de résistance nous avons 1,3301 (Tenkan Sen) puis 1,3306, 1,3325, 1,3327 (Kijun Sen) et 1,3344. En lignes de soutien nous avons 1,3286 puis 1,3267.
Le Chikou Span (courbe verte) se trouve enau dessous des bougies, il est donc en vente. Il descend accompagnant le mouvement.
La MACD est négative avec une faible force  (Cf distance avec sa ligne signal).
.Pour agrandir le graphique cliquez ici
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En résumé :
La paire de devises EUR/USD est en train de retracer en vente. Il faudra surveiller de près si elle passait sous 1,3247 car le retracement pourrait se transformer en chute…
Si les cours repassaient au dessus de 1,3343 en clôture en M5 nous pourrions avoir pour objectif en achat 1,3368 puis 1,3392 (1,3403 avec Ichimoku) (attention à ce niveau car il se trouve dans une zone de résistance et les cours pourraient rebondir en vente à son approche), 1,3436 et 1,3464.
Si les cours passaient sous 1,3263 en clôture (M5) ce sont des trades en ventes que nous pourrions envisager  avec pour objectifs 1,3218 (1,3217 avec Ichimoku) puis 1,3191 (1,3199 avec Ichimoku), 1,3144 (Ichimoku) et 1,3124 (Ichimoku).
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Avis personnel :
En achat mes objectifs sont principalement 1,3360 et 1,3378, soit une possibilité de gains de respectivement 17 pips et 35 pips.
En vente mes objectifs sont principalement 1,3247 et 1,3230, soit une possibilité de gains par rapport aux seuils définis pour prendre position, respectivement de 16 pips et 33 pips.
Cet avis tient compte du range moyen pour la paire de devise en sachant qu’actuellement elle a utilisée 40% de celui-ci.
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Pour info :
Je mets à jour en général en fin de journée le graphique à la suite de cet article de manière à pouvoir comparer ce qui est écrit dans le résumé avec ce qui s’est réellement passé…
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Actualisation du graphique : Mes deux objectifs en achat “Avis personnels atteints”


Week in FX Americas – US Economic Data Mixed as Debt Ceiling Looms

Earlier this week, there was some negative news about global growth prospects from the World Bank. In its Global Economic Prospects report, which is issued twice a year, the prestigious institution said that global growth in 2013 would post a gain of 2.4%. This was down from the 3.0% estimate the World Bank stated in its June 2012 report. In explaining its downgrade, the World Bank noted persistent weaknesses in the economies of developed nations, citing austerity measures, high unemployment and weak business confidence. The report also sounded the alarm over the damage in market confidence due the ongoing fiscal battles in the US, and urged a quick resolution of the issue so as to ensure market stability.
Thursday, as the US released a host of key economic data. Unsurprisingly, the data was a mix, although mostly of a positive nature. Market sentiment jumped as employment and housing numbers were outstanding, hitting multi-year highs. Unemployment Claims, which had looked weak earlier in January, bounced back with its best performance in five years, dropping to 331 thousand new claims. This easily beat the forecast of 369K. Housing Starts also were outstanding, improving to 0.95 million. This beat the forecast of 0.89M, and was the indicator’s highest level since June 2008.

GBP / USD – Retail Sales Anchors Price below 1.60

UK Dec Retail Sales in at -0.1% M/M vs 0.2% estimated, pushing price lower below 1.60. Amidst a day of uncertainty where PM Cameron cancelled his planned speech earlier regarding EU membership, causing panic during early European trade and was the initial catalyst that made price break its consolidation range during Asian trade.
Hourly Chart
Price continues is journey south with the declining trendline formed during the week respected. We’re currently moving away from the trendline, however due to today being the end of the week, we could still see pullbacks as short sellers close out positions to take in profits in a week that saw continuous GBP weakness. 1.5960 could act as interim resistance against any sharp pullbacks.
Weekly Chart
The same 1.60 is significant from the Weekly Chart perspective, though a case for a double top can only be confirmed should price hit around 1.58 levels for a move towards 1.54. Keep a look out on next Monday’s levels for any early indication of price heading lower. Should we fail to push lower and see price rallying back up, 1.63 comes back into focus and the double top pattern will be invalidated.


US Treasury to Congress: We Will Hit the Debt Ceiling Soon

The United States expects to run out of tools to avoid a default between mid-February and early March, potentially causing lasting damage to the U.S. economy and its creditworthiness, the Treasury said on Monday.
In a letter to Congress, Treasury Secretary Timothy Geithner urged lawmakers to raise the $16.4 trillion legal limit on the nation’s debt or risk “irreparable” economic harm.
If the borrowing limit is not increased, the United States could default on its debt and not make the 80 million payments the U.S. government sends out every month, including Medicaid and Medicare payments, military and law enforcement salaries, the Treasury said.

L'euro en léger recul face au dollar, le marché reprenant son souffle

L'euro perdait un peu de terrain face au dollar vendredi dans un marché reprenant son souffle après de bons chiffres sur la croissance chinoise et avant un week-end prolongé aux Etats-Unis.

Vers 22H00 GMT (23H00 à Paris), l'euro valait 1,3317 dollar contre 1,3375 dollar jeudi vers 22H00 GMT.

L'euro baissait également un peu face à la devise nippone, à 119,96 yens contre 120,20 yens jeudi. La monnaie unique était montée vers 04H25 GMT à 120,71 yens, son plus haut niveau depuis début mai 2011.

Le dollar augmentait face à la monnaie japonaise, à 90,08 yens contre 89,86 yens la veille, après être montée vers 04H25 GMT à 90,21 yens, son plus haut niveau depuis fin juin 2010.

La monnaie européenne, qui s'est renforcée au cours de la semaine, "pâtit quelque peu de prises de bénéfices avant le week-end prolongé" aux Etats-Unis, les marchés financiers restant fermés lundi pour un jour férié à la mémoire de Martin Luther King, a remarqué Omer Esiner, de Commonwealth Foreign Exchange.

Comme d'autres actifs risqués, l'euro avait pourtant profité en cours d'échanges asiatiques de l'annonce d'une croissance plus forte qu'attendu de l'économie chinoise au quatrième trimestre.

Mais l'effet positif de ce chiffre a été de courte durée. 

Pour Craig Erlam, analyste d'Alpari UK, si "beaucoup (d'opérateurs) voient ces chiffres et pensent que le pire est passé pour la Chine et que 2013 va être une bien meilleure année", le rebond de la croissance de l'économie chinoise, moteur de la reprise économique mondiale, est à mettre sur le compte de mesures de soutien exceptionnelles du gouvernement en 2012 qui ne seront pas répétées cette année.

En outre, les investisseurs souffraient d'un certain regain d'inquiétude sur la zone euro après des commentaires de Poul Thomsen, expert du Fonds Monétaire International (FMI), qui a déclaré vendredi que la dette de la Grèce n'était "pas viable" sans de nouveaux "transferts directs" de fonds dans le budget grec par l'Union européenne (UE).

Les courtiers avaient par ailleurs tendance à privilégier la valeur sûre que représente le billet vert alors que les risques liés aux questions encore en suspens sur le budget des Etats-Unis "restent un souci majeur", a noté M. Esiner.

L'annonce d'une nouvelle baisse du moral des ménages en janvier aux Etats-Unis, selon l'indice de confiance des consommateurs américains publiée vendredi par l'Université du Michigan, n'était pas de nature à les rassurer.

De son côté, la monnaie nippone se reprenait légèrement face à l'euro après avoir fortement baissé ces derniers jours à mesure qu'enflaient des spéculations sur des mesures que pourraient annoncer la Banque du Japon (BoJ) la semaine prochaine.

Vers 22H00 GMT, la livre britannique baissait face à l'euro, à 83,95 pence pour un euro, après être tombée à son plus bas niveau depuis près de 10 mois (83,97 pence). La livre reculait face au billet vert, à 1,5864 dollar.

La devise helvétique se reprenait face à l'euro, à 1,2440 franc suisse pour un euro, après avoir atteint son niveau le plus faible depuis mai 2011 (1,2569 franc). La monnaie suisse reculait face au billet vert, à 0,9340 franc pour un dollar.

La devise chinoise a terminé à 6,2181 yuans pour un dollar contre 6,2153 yuans la veille.

Structure du Marché du Forex

Découvrez la structure du marché du forex avec David Furcajg, diplômé en analyse technique et vice président de l'AFATE. Ce webinaire forex permettra aux novices ainsi qu'aux traders les plus expérimentés de découvrir ou d'approndir leurs connaissances concernant le marché du forex et plus particulièrement sa structure, son fonctionnement ainsi que les différents intervenants et le fonctionnement de ces derniers.
Le webinaire présenté ci-dessous reprend les chiffres importants du forex (volumes de transactions, part des devises dans les échanges mondiaux...), les différents intervenants sur le forex (firmes multinationales, banques, retail brokers...) et présente le schéma de transaction des brokers ECN ainsi que celui des brokers Markets Makers.

Basic Features of Free Web Hosting

Looking for a free web hosting solution is an imperative decision. Try to identify a reliable web host can be a daunting task especially with so many service providers and options available nowadays. Throw in the feature sheets and promises, the task can be that much more intimidating.
But it doesn't have to be. Let's take a look at some of the most common features a good free web hosting provider should offer:

Disk Space and Bandwidth

Disk space refers to the amount of storage space assigned to you by the free web hosting provider. This space will be used to store your web site files, including text, images, audio, etc. files you use for your website.
Bandwidth refers to the amount of traffic that is allowed to access and leave your website. Access means every time a visitor types in your website name in their browser. Leave means every time a visitor receives something from your website, whether it be viewing a photo, listening to an audio clip or downloading a file.
For example, if your website has a lot of graphics (ie. photographs) then you will require higher storage and greater bandwidth.

Website Creator and FTP

If this is your first website and you have limited or no scripting experience, then look for a free web hosting provider that offers a free website creating application where you can create your website simply by choosing a template and adding in your own text and images.
FTP stands for File Transfer Protocol. It is the protocol for transferring your website files from your computer to your free web hosting server, or vice versa. This allows you to upload your finished website files (including images and other multimedia files) from your computer to your service provider's server. It also allows you to download your files from your web hosting server back to your computer. A good free web hosting provider should offer 24/7 unrestricted FTP access.

Email

Yes, your free web hosting provider should provide you with email services - so that you can setup @yourdomain.com email accounts. In addition to a webmail interface (so you can login and manage your emails using your web browser), the email service should also include POP3 and SMTP access so you can setup and access your @yourdomain.com emails using your mobile devices.

Support and Uptime

You should always choose a free web hosting service with free, reliable telephone and email support.
While no host can offer a 100% guaranteed uptime (think problems out of their control, ie. city power outage), they should provide "just-in-case" measures to limit website and email downtime to a minimal. These measures may include 24/7 server and network monitoring, redundant hardware and network configurations, and onsite backup power supply. While you might not completely understand the technicalities of these, look to see if your free web hosting provider has these listed somewhere on their website. If not, ask them about it.

Pricing

If you're looking for a free web hosting provider, then you should expect to pay absolutely nothing for all the basic features listed above. You shoudn't have to compromise pricing with banner ads. Any free web hosting providers that forces ads on your website is a no-no.

Email Hosting - Your Online Brand (Part 1)

The ideal email address is short, simple and logical. Free email addresses are often long and confusing, and they include impersonal domains, like@Hotmail and @Gmail. In business, it is vital to create the right impression - you need an email address that is both unique and memorable.
With domain email accounts, you get complete control over your online persona. Using your own domain name makes it easy for others to email you and remember your address. It helps establish credibility by showing you are a real company with real employees, products and services.
Remember, your domain name is your online brand. Your domain name gives you're a presence on the Internet. Many people will look for your website when they receive an email from your by taking the part after the @ (ie. @doteasy.com). When your website appears, it validates and authenticates you and your products or services. Authentication is very important because of the amount of spam each of us receives from many free email service providers, such at @Hotmail.com.
Other benefits of using your own domain name for email:
  • establishes/reinforces your online identity
  • differentiate yourself from competitors (and spammers)
  • lets your customers know you mean business
  • Many web hosting providers offers email services with their free web hosting plans. In additional to access via webmail, you should be able to access your emails via a POP mail client (ie. Outlook) and even your mobile device (ie. your iPhone).

    Changing Web Hosting Service Providers

    There are many reasons why individuals or companies want to change to a new web hosting company. It could be as simple as not enough storage space or bandwidth, or it could be due to its customer service, or lack thereof.
    Easier said than done? Changing to a new web hosting company may sound like a daunting task, but it doesn't have to be that complex - there are just a few things to keep in mind.
    1. Keep your web hosting account with your existing host open
    2. It is recommend that you keep your existing web hosting account active until you have completed the transition steps (ie. new account setup, file transfer, email creation and setup, DNS modification and propagation).This will ensure that your website and domain email accounts will be running during the transition.
    3. Choose a suitable new web hosting provider
    4. Considerations include:
      a) Type of OS (Windows vs. Linux) - it depends on the technologies your website requires. For example, if your website requires ASP, MSSQL, MSACCESS or other Microsoft-specific technologies, then you will need to find a Windows-platform web hosting plan.
      b) Bandwidth and disk space requirements
    5. Make a backup copy of your existing website: download old account files
    6. Ideally, files should be downloaded in the same tree structure in which you want to upload it later. Also look for any file or chmod permissions that you might to set on any folder or file. This is a fairly easy task and can easily be accomplished by FTP.
      However, some free web hosting providers do not offer FTP access. This is especially true if you're currently using a free Flash/drag-and-drop website creation service (ie. Weebly.com, WIX.com).
      If this is the case, you will not be able to download your existing web files and will have to re-create your new web files. You should check to see if your new web hosting provider offers a free website creator.
      To avoid running into the same problem in the future, make sure your new web hosting provider offers FTP access.
    7. Setup new (same) email addresses
    8. To ensure that emails are properly received, it is important to keep the same email addresses, including email aliases and forwarders.
    9. DNS changes and propagation
    10. Once you have uploaded your web files to the new web hosting server and re-created your email accounts, you can go ahead and make the necessary domain name server (DNS) changes.
      DNS is usually obtained once you have signed up with the new web hosting provider. You will need to replace your existing DNS settings with the new one - this is usually done via your domain management panel (your domain registrar).
      The new DNS will take anywhere between 24-48 hours to propagate, therefore the old web host is responsible for website and email in the meantime. This is why cancelling the old service should be the very last thing to do.
    11. Cancel your old account.
    12. Once your new account has been activated and your website and email services at your new web hosting provider are up and running, you can proceed to have your old account cancelled.